Machinery News

Hastings Deering to increase its rental fleet

The Cat equipment dealer will be increasing the number of machines it has available to rent

In order to better handle the increased demand for machine rentals in Australia, Hastings Deering has shifted its focus to an expansion drive to best serve its customers.

The expansion will see the number of machines, such as excavators, wheel loaders, articulated trucks and other fleet staples, grow to bolster the rental fleet and meet customer demand.

Hastings Deering Australian rental and used equipment manager Peter Papastergos says the company will continue to reap the benefits of the current machinery landscape.

“Rental demand from the Australian construction, infrastructure and mining sectors continues to grow,” Papastergos says.

“Because these industries rely heavily on equipment hire for the various project phases and construction cycles, this has led to rental and used equipment sales growing and the trend looks set to continue.”

Demand for rental and used construction machinery has risen over the past two years as supply chain delays related to the COVID-19 pandemic, has hindered the ability to ship new machinery around the world.

With little new machinery arriving in Australia because of the supply chain restraints, customers have turned to the rental and used markets in order to acquire machinery, resulting in the sustained appetite for such products.

For Hastings Deering, the impacts were mostly seen in new replacement and growth assets in terms of the company’s ability to renew and upsize its rental fleet to meet the demand.

As a result, the distributor has changed its Caterpillar forecasting periods from 6–12 months up to 12–24 months to better predict and forecast the future.

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